As in U.S. GAAP, under IFRS the costs associated with research and development are segregated into
A) two components, the research phase and the production phase.
B) two components, the research phase and the development phase.
C) three components, the planning phase, the research phase and the production phase.
D) three components, the analysis phase, the development phase and the production phase.

Question

Quizplus · Accepted Answer

Under IFRS, the costs associated with research and development are segregated into two components, the research phase and the development phase. This is similar to U.S. GAAP.

As in US GAAP, Under IFRS the Costs Associated with Research and Research